Schnure: Employment numbers are great, but more is needed

The Labor Department's recent report that 200,000 jobs had been added to payrolls was "a breath of fresh air," says NAREIT Senior Vice President of Research and Industry Information Calvin Schnure. However, the economy and the real estate industry will need more momentum to support a full recovery, he said. "Every analyst is cautious in predicting a 'recovery' as we've seen several false starts over the past two years or so."